Valuation Section
6.11. The Valuation Section is concerned with the enforcement and modification of lease conditions, the valuation and acquisition of land required for public purposes and valuations for estate duty and certain statutory assessments. In line with the general quietness of the property market, the number of applications for modification of lease conditions was less than in previous years but an increasing number of applications were received to modify building projects previously approved. The Section made 182 assessments of incremental value under the Demolished Buildings (Redevelopment of Sites) Ordinance and conducted the case before an Appeal Tribunal in one case of an appeal. It also conducted the case for the Crown before three Arbitration Boards under the Crown Lands Resumption Ordinance and was concerned in a case heard by the Full Court concerning the assessment of revised rent on the expiry of the first term of a 75-year renewable lease.
Property Management Section
6.12. The Property Management Section is responsible for the letting and management of premises owned but not occupied by Government and it conducts negotiations for the letting of Government buildings and piers which are not required for the time being for Government purposes, or which are intended for non-Government use. It also manages buildings on former leased land which have reverted to the ownership of the Crown either through re-entry, or through lease expiration.
6.13. The amount of rent which this Section was responsible for collecting rose from just over $6 million per annum last year to nearly $7 million this year and the number of properties managed rose from 130 to 190. In addition, five commercial piers, fifteen ferry piers and various wayleaves, licences, etc., were being managed. Close co-operation is maintained with the Registrar General, who advises on the legal aspects of the Section's work and with the Buildings Ordinance Office, which supervises the carrying out of repairs.
General
SURVEY DIVISION
Assistant Superintendent:
J. T. COOPER, A.R.I.C.S., F.R.G.S.
6.14. The work of the Survey Division can be divided into four main categories:
69
Valuation Section
6.11. The Valuation Section is concerned with the enforcement and modification of lease conditions, the valuation and acquisition of land required for public purposes and valuations for estate duty and certain statutory assessments. In line with the general quietness of the property market, the number of applications for modification of lease conditions was less than in previous years but an increasing number of applications were received to modify building projects previously approved. The Section made 182 assessments of incremental value under the Demolished Buildings (Redevelopment of Sites) Ordinance and conducted the case before an Appeal Tribunal in one case of an appeal. It also conducted the case for the Crown before three Arbitration Boards under the Crown Lands Resumption Ordinance and was concerned in a case heard by the Full Court concerning the assessment of revised rent on the expiry of the first term of a 75-year renewable lease.
Property Management Section
6.12. The Property Management Section is responsible for the letting and management of premises owned but not occupied by Government and it conducts negotiations for the letting of Government buildings and piers which are not required for the time being for Government purposes, or which are intended for non-Government use. It also manages buildings on former leased land which have reverted to the ownership of the Crown either through re-entry, or through lease expiration.
6.13. The amount of rent which this Section was responsible for collecting rose from just over $6 million per annum last year to nearly $7 million this year and the number of properties managed rose from 130 to 190. In addition, five commercial piers, fifteen ferry piers and various wayleaves, licences, etc., were being managed. Close co-opera- tion is maintained with the Registrar General, who advises on the legal aspects of the Section's work and with the Buildings Ordinance Office, which supervises the carrying out of repairs.
General
SURVEY DIVISION
Assistant Superintendent:
J. T. COOPER, A.R.I.C.S., F.R.G.S.
6.14. The work of the Survey Division can be divided into four main categories:
69
No comments yet.
Private notes are available after approval.